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CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO FUTURES RALLY ABOVE RM4,500 PER TONNE, HIGHEST SINCE OCTOBER LAST YEAR
Palm oil plantations absorb more carbon than tropical forests, claims Indonesian palm lobbyist
02/08/2023 (Eco Business) - Palm oil plantations are better at absorbing carbon than tropical forests, an executive for the Indonesian government’s palm oil agency claimed on Tuesday (1 August), despite scientific evidence that proves the opposite.
GAPKI Escalates Palm Oil Exports to China, India Following EU Deforestation Law
02/08/2023 (Tempo.co), Jakarta - The Indonesian Palm Oil Association (GAPKI) chairperson Eddy Martono stated that his side is eyeing China as its largest destination for palm oil exports.
Indonesia Wants EFTA to Recognize ISPO Palm Oil Certification
02/08/2023 (Jakarta Globe), Jakarta - Indonesia on Wednesday persuaded Switzerland, a member of the European Free Trade Association or EFTA, to get the group into recognizing the country's sustainability certification scheme for palm oil called the ISPO.
India's July edible oil imports at record high
02/08/2023 (Reuters), Mumbai - India's edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, five dealers told Reuters.
VEGOILS-Palm closed up on weaker ringgit, stronger rival oils
02/08/2023 (Nasdaq) - Malaysian palm oil futures closed up on Wednesday after six straight sessions of losses, underpinned by a weaker ringgit and stronger rival oils.
Decline in edible oil costs hits Adani Wilmar’s profitability
02/08/2023 (Times of India), Ahmedabad - Due to a high-cost inventory triggered by a decline in edible oil prices, FMCG major, Adani Wilmar Limited posted a net loss of Rs 79 crore during the first quarter of FY 2024, according to the company’s regulatory filing on Wednesday. This is against a prifit of Rs 194 crore during the corresponding quarter of FY 2023. The company’s annual revenues also declined 12% to Rs 12,928 crore from Rs 14, 724 crore during the same period.
MPOC: CPO prices expected to trade at between RM3,700-RM4,200 in 2H 2023
01/08/2023 (Malay Mail), Kuala Lumpur - Malaysia’s crude palm oil (CPO) prices are expected to trade in the range of RM3,700 to RM4,200 per tonne during the second half of 2023 (2H 2023), said the Malaysian Palm Oil Council (MPOC).
VEGOILS-Palm breaks five sessions of losses on stronger Chicago soyoil
01/08/2023 (Nasdaq), Jakarta - Malaysian palm oil futures inched higher on Tuesday, breaking a streak of five consecutive sessions of losses as soyoil in the Chicago Board of Trade recovered.
VEGOILS-Palm oil extends losses for fifth day as rivals weigh
31/07/2023 (Nasdaq), Jakarta - Malaysian palm oil futures fell for a fifth consecutive session on Monday, after they tracked weaker rivals and as market participants awaited July export data, although the contract was set for a monthly gain.
